The Dow Jones has maintained a sideways movement since the end of February , in part due to industrial companies' expectations of inaction on debt policy changes by the Federal Reserve to curb current inflation. The index has been consolidating prices all month, closing yesterday with a 0.83% gain at 39,110 points, driven also by the Standard & Poor's 500 and...
- The Japanese benchmarks has been registering higher highs and lows since 2023, the long-term trend is therefore bullish.
- Since the bullish breakout of the flag pattern, prices have accelerated to a new all-time high at 40,470pts.
Since then, the market pulled-back over 38,525pts, mostly driven by profit taking following a sharp rally, as well as anticipation...
Today is a day full of important economic events for the Eurozone. Highlights include a speech by Vice President Luis de Guindos, along with the release of key data on unemployment and economic sentiment in the Eurozone, as well as production figures from Portugal. Later in the day, we will be watching for inflation rates in Canada and U.S. housing permits. This...
- The market still trades inside a bullish channel started at the end of December 2023, the long-term trend is bullish for the black gold.
- Since beginning of February, and the fourth impact on the lower bound of the bullish channel, the market has accelerated towards the 50% retracement of the sell-off which took place during Q4 2023.
The long-term moving...
The impact of several Chinese economic indicators has pushed the Hang Seng index higher, albeit with mixed results: while retail sales, industrial production and foreign investment data beat expectations causing the index to correct higher, the unemployment rate showed a slight increase of 0.1% from the previous one. The anticipation of this week's meetings of...
- The market has been trading above a bullish trendline since end of October, the long-term-trend was therefore bullish.
- However, as previously discussed in our previous analysis, we could notice that the trend was slowing down has newer tops were registered with less and less strength.
Following a new historical high at 18,425.0pts, investors' appetite for...
This day, the DAX40 has started higher , recovering the ground lost in recent days. Expectations for the euro zone are upbeat, especially for inflation, trade balances and retail sales data, with expectations for an improvement in German earnings standing out. Sales in the Italian market will be key for the Milan index, looking to close the week in positive, if...
- Share prices of the microchip giant have been trading above a bullish trend line since the end of October, the long-term trend is therefore bullish.
- We can easily observe that prices follow phases of bullish impulse and bearish corrections, entirely symptomatic of an healthy bullish trend.
Correction phases allow the market to take a break, take some profits...
The crude oil market has experienced a reduction in demand this week, holding prices steady since Monday, after weeks of losses in value due to a decrease in demand, especially from the main importer, the Chinese market which put the price on Monday at $76.49. During today's Asian session, crude oil has shown a 3.62% increase from Wednesday's European open to the...
- The market has been trading within an ascending channel since mid-February. The short-term trend, fueled by the growing prospect of rate cuts in the United States, is therefore bullish.
- Technically speaking, we can see that the surge in price since the rebound over 1.0700 has been very gradual, punctuated by very short-term correction phases, like a...
During the Asian session, gold has experienced a significant price increase due to U.S. consumer data that revealed higher than expected inflation and fears that interest rates may be higher than expected. It has reached a high of $2,195.02 before retreating to $2,163, finding a temporary consolidation point there. Its previous range was between $2,100 and $1,962....
- The GBPJPY pair has rebounded strongly since the start of the year and the impact over 178.75. The market registered higher highs and lows, pushing prices 7% up in less than 2 months. The medium-term trend was therefore bullish.
- However, the market twice failed to break out its last high at 191.20.
This failure led prices to break their uptrend line, as well...
During the Asian session, most regional currencies moved imperceptibly, while the U.S. dollar has remained stable as it awaits its inflation data that will determine the Fed's possible direction for rate cuts. As a result, Pacific currencies have moved in a flat to lower range causing the Australian dollar to remain at a two-month high, the rupee at a six-month...
Cocoa has sustained a price escalation of the last 54 weeks marking a growth of 60.88%, after which a sideways range has formed. Cocoa futures reached a trading high of 6676 points, driven by inflation increases and the Federal Reserve's price tightening, which have caused this incredible upward push in the commodity. Most of the major chocolate companies in the...
Analyzing the recent behavior of the Ibex 35, we observe a week marked by a sideways movement, highlighting a strong bullish breakout on Wednesday , followed by a bullish continuation today. This momentum has followed a range-bound price construction since the end of February. Although industrial production communications were not as negative as expected, and...
- The market has been registering higher highs and lows since October 2023, the long-term trend is therefore bullish.
- Very recently, the market ended a flag consolidation after a strong rebound above $1992 which led prices to a new all-time high above $2150
- The appetite for the yellow metal is clearly back. Investors, disappointed by persistent monetary...
After the economic turmoil generated in the markets by the Fed's statements this week, US indices have reacted with a slight correction. This afternoon, data on industrial production, retail sales and sovereign debt auctions will be crucial (short term, 15 and 30 years ahead), as well as the US government unemployment figures, which will impact the markets,...
The combination of yesterday's Super Tuesday with Trump and Biden again at the top of the list, together with Jerome Powell's announcement, generated a significant rebound in both gold and Bitcoin against the US dollar. The hamburger country's indexes experienced a notable drop caused as we say by the Federal Reserve announcement, which caused a rebound effect in...
